Having one or more of the firm's activities performed by another firm or individual in the supply or distribution chain is called:
A. outsourcing.
B. responsibility centers.
C. lean accounting.
D. activity-based costing.
Answer: A
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Which of the following merchandise categories is purchased in a manner similar to fashion merchandise?
A. Promotional merchandise B. Expected merchandise C. Staple merchandise D. Sample merchandise E. Seasonal merchandise
What is the final step in developing a customer benefit plan?
A. Presenting a marketing plan. B. Assessing the prospect's attitude with a trial close. C. Creating an individualized sales call objective. D. Developing a suggested purchase order. E. Performing a value analysis that identifies ROI.
Which of the following is NOT an accurate statement regarding private investors?
a. The average age of traders has been constantly rising due to the aging of the baby boomers. b. The number of women and men actively investing is about equal. c. The types of households that have at least some securities crosses all racial and ethnic boundaries. d. The median age of shareholders is now 46. e. Almost 50 percent of all U.S. households own at least some stock.
Assume a businessman has 7 suits and 8 ties. He is planning to take 3 suits and 2 ties with him on his next business trip. How many possibilities of selection does he have?